News
Even Better Times Ahead for Apartment Market: Marcus & Millichap
Whether apartment owners decide to hold on to their properties or or take them to market, this is going to be a good year for them.
ALCO Management Secures Financing for Affordable Housing Rehab Project
Memphis–ALCO Management has obtained funding packages totaling over $8 million for the upgrading of four apartment communities in Tennessee.
American Utility Management Taps Levin as CIO
Oak Brook, Ill.–American Utility Management, an energy services provider for the multifamily industry, has appointed Ken Levin as chief information officer.
TODAY’S DEALS: CWCapital Provides $90M in Construction Financing
CWCapital provides $90 million in construction financing to a Maryland multifamily complex; Venture West Funding arranges $7.8 million for four California apartments; and Walker & Dunlop arranges 5 percent early-rate Lock loan.
MHN Roundtable with KTGY Group
Three principals from KTGY Group speak to MHN about what they took from the NAHB Builders’ Show and what they see happening on the cutting edge of design and development in the multifamily industry.
Economy Watch: Case-Shiller Confirms Sinking Feeling in Home Prices
Consumer confidence has been climbing, although not so much in the housing arena. Judging by the president State of the Union, the White House has no fixes up its sleeves.
Lease for a Cure Raises $25K for Breast Cancer Foundation
Clifton, N.J. –Apartment owners joined together in October during National Breast Cancer Awareness month to raise more than $25,000 for the Cure Breast Cancer Foundation.
Enterprise Provides $1.5M to Help Meet Affordable Housing Need
Los Angeles–Enterprise Community Partners Inc. has culled $1.5 million to aid sustainable low-income housing projects in an area where supply of affordable housing has been out of pace with demand.
ForRent.com Partners with RentWiki.com
Norfolk, Va.–For Rent Media Solutions, operator of ForRent.com, will be partnering with RentWiki.com.
Lugo Joins Hill as Vice President
Marlton, N.J.—Hill International has brought Luis Lugo Jr. on board as a
vice president.